Becker's Healthcare February 26, 2025
CFOs are prioritizing margin management and data analytics investments this year, according to a new report from Strata.
The healthcare performance management firm gathered data from 100 hospital financial leaders and found 91% said their hospitals or health systems could better leverage financial and operational data for strategic decision-making. Around 61% said their organizations use operational and financial data already, including regional demographic, procedure volume and labor benchmark data. The fewest respondents – 44% – said they use all-payer claims data.
In the next 12 to 18 months, hospitals and health system leaders expect to start using more data:
- Regional demographic: 12%
- Procedure volumes: 16%
- Labor benchmarks: 31%
- Clinical benchmarks: 29%
- Financial and operational benchmarks: 34%
- Volume benchmarks: 33% ...